The anticipated drop in interest rates by the Federal Reserve appears to be unlikely.

by | Feb 1, 2024 | Forecast

Not a surprise, we are expecting mortgage rates to be flat for most of the year. Buyers are getting accustomed to 5.5% – 6.0% mortgages and will be reflected in sales. We expect inventories to grow in the next 60 days. Sales should remain steady. All in all, a solid real estate market.